The European Parliament voted on March 1, 2018 to adopt a directive to delay the implementation of the Insurance Distribution Directive until October 1, 2018. Today (March 9, 2018), the European Council has adopted the directive agreed by the Parliament with the effect that European Member States must implement the IDD into national law by July 1, 2018. Firms will be required to comply with the new distribution rules from October 1, 2018.

View: European Council adopt directive to delay IDD until October 1